Imagine if you will … (Rod Serling … tongue-in-cheek LOL) …
You get out your original mortgage or deed of trust, suspecting that the original lender may not have been a real lender at all. But how can you tell?
The first plausible idea came from research done by a multitude of paralegals (and subsequently homeowners like Linda Nash of Seminole County, Florida, whose final order is published below), revealing that within the Secretary of State’s database for ANY State in the Union, that certain “lenders” may not have actually existed from the git-go (hence the legal term “ab initio” or “from the beginning”). Two of those suspected illegitimate “lenders” were America’s Wholesale Lender and America Brokers Conduit (which wasn’t registered until 2012, despite the fact that tens of thousands of mortgages and deeds of trust were issued in its name prior to its formal registration). A last-minute registration does not perfect the actions of an entity taken years prior.